Home / Knowledge / News / Apparel/Garments / Sport-Haley acquires all Assets of Fantasi
Sport-Haley acquires all Assets of Fantasi
26
Jun '10
Sport-Haley, Inc., a leading developer, manufacturer and distributor of distinctive golf and lifestyle apparel, announced the successful completion of the acquisition of all of the assets of Fantasi International, Inc., a Florida corporation, doing business as Bette & Court Golf. Among the assets conveyed to Sport Haley in the transaction, via an assignment for the benefit of creditors in a Florida state court proceeding, were the Bette & Court and Swing trademarks and other related marks and/or trade names. Bette & Court and Swing are established women's golf and active lifestyle apparel brands. The Company expects to continue marketing the Bette & Court and Swing brands independently from its SPORT HALEY women's fashion golf apparel brand. The Bill of Sale, which was signed on June 17, 2010, was effective June 4, 2010. Pursuant to a purchase agreement entered into between the parties, Sport Haley paid $410,000 for the assets of Fantasi and did not assume any of Fantasi's liabilities. The asset purchase transaction was unanimously approved by the Company's Board of Directors.

Samuel A. Kidston, the Company's Chairman of the Board, said, "The combination of our SPORT HALEY and Ben Hogan brands with the Bette & Court and Swing brands strategically positions the Company for significant future growth. Importantly, we believe this acquisition will prove to be a catalyst for greater visibility and profitability for investors, and it fits within the steps we are undertaking to restructure the Company."

Catherine B. Blair, the Company's President & Creative Director, commented, "Bette & Court and Swing are brands with a loyal following in women's golf apparel. We are very excited for the opportunity to be able to combine the strengths we have developed within golf apparel markets over the last several years with such well-recognized women's apparel brands. We believe that the synergies of jointly managing diverse women's brands while separately marketing them will grow sales and help return the Company to sustained profitability."

The Company also announced that the following five directors were re-elected at the annual meeting of shareholders to serve for the following year: Samuel A. Kidston, James R. TenBrook, Erik W. Thoresen, Lloyd M. Sems, and Mark J. Stevenson. The annual meeting of shareholders commenced on June 15, 2010, and was adjourned until and completed on June 18, 2010. In addition, the shareholders ratified the Company's appointment of Eide Bailly LLP to serve as its independent auditors for the 2010 fiscal year.

Organized in 1991, Sport-Haley, Inc. is a leading golf apparel company which designs, purchases, contracts for the manufacture of, and markets women's and men's fashion apparel and outerwear under the SPORT HALEY and Ben Hogan labels. The SPORT HALEY and Ben Hogan fashion golf apparel collections, known for their innovative designs, quality fabrics, generous fits and classic styles, are primarily marketed in the premium and mid-priced markets through a network of independent sales representatives to golf professional shops, country clubs and resorts within the United States. Ben Hogan fashion apparel is distributed pursuant to a licensing agreement with Callaway Golf Company.

Sport-Haley Inc


Must ReadView All

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Apparel/Garments | On 18th Nov 2017

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Sri Lanka’s apparel exports from January to September 2017 has...

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Apparel/Garments | On 18th Nov 2017

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Bangladesh Prime Minister Sheikh Hasina has said two more leather...

ASEAN, Hong Kong sign free trade agreement

Textiles | On 18th Nov 2017

ASEAN, Hong Kong sign free trade agreement

The Association of Southeast Asian Nations (ASEAN) and Hong Kong...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

November 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search